Telsey Advisory Group Maintains Outperform on Bath & Body Works, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Dana Telsey has maintained an Outperform rating on Bath & Body Works (NYSE:BBWI) but reduced the price target from $52 to $42.
November 17, 2023 | 10:38 am
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Telsey Advisory Group has maintained an Outperform rating on Bath & Body Works but lowered the price target from $52 to $42, indicating a potential downside compared to the previous target.
The reduction in price target by Telsey Advisory Group, despite maintaining an Outperform rating, suggests that they expect Bath & Body Works' stock to perform well, but not as well as previously anticipated. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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